Director, Accounting

RICHMOND MOTOR SPEEDWAY

Founded in 1946, Richmond Raceway is America’s Premier Short Track. The venue annually hosts two NASCAR race weekends, featuring the NASCAR Cup Series and either NASCAR Xfinity Series or NASCAR Camping World Truck Series, as well as a Whelan Modified Series race on the iconic ¾-mile D-shaped oval. Richmond Raceway is a regional leader for events including sports, live music, and consumer trade shows. The Richmond Raceway Complex’s 1,100 plus acre multipurpose facility hosts more than 200 live events over 280 event days annually, including concerts with top national recording artists at Virginia Credit Union LIVE!, the region’s only covered amphitheater..

NASCAR seeks a talented professional to join in the position of Director of Accounting based in Richmond, VA.

The Director of Accounting is primarily responsible for the preparation, review and communication of the Company’s financial statements and controls, as well as, participating in the development and execution of the Company’s strategic initiatives. This position supports the three tracks in the Mid-Atlantic region with a primary focus on Richmond Raceway and is located in Richmond, VA.

Duties include but are not limited to:

• Prepare, review and ensure timely and accurate financial statements and supporting schedules, documentation and reconciliations required for monthly/quarterly/yearly close.
• Ensure compliance with external reporting standards (GAAP) and internal policies and procedures, including documentation, review and testing of Sarbanes-Oxley 404 controls.
• Responsible for the preparation and review of financial planning, including monthly forecasts and annual budgets, with track president and department leaders, utilizing all available systems and personnel resources. Provide financial leadership and guidance to department leaders to assist in developing and preparing financial plans.
• Effectively communicate and report results of operations, financial forecasts and operating plans to track president, department leaders and corporate finance, including discussion of variance analysis and cause of change schedules.
• Evaluate specific departments and parts of the business while acting as a partner to department leaders, including the development of performance metrics, tracking of results and recommending corrective actions when appropriate.
• Prepare financial analysis of business unit strategic initiatives, including calculating and presenting return analysis for capital requests and measuring performance toward operating objectives.
• Provide support for new business development initiatives including evaluating opportunities and risks, preparing pro-forma financial statements and modeling financial scenarios, and negotiation of agreements with public (government) and private (commercial) entities including the development of public-private partnership arrangements.
• Provide support for areas of the business that integrate with accounting functions, including the ticketing, credential and sales systems.
• Manage cash operations during significant events. This includes managing the distribution of cash to appropriate personnel, safely and securely collecting cash throughout the event, supervising the counting and recording of cash, and arranging for deposits. This position must ensure controls are in place to minimize the risk of loss and maintain a high level of security around the cash operations function.
• Preparation and timely filing of applicable tax and regulatory responsibilities, including sales, tangible and intangible personal property.
• Assist in creating, submitting, and executing future strategic plans.
• Oversee payroll operations at the facility, including management of the payroll system;
• Manage employee(s) in the Administration (Accounting) function. Responsible for the overall direction, coordination, and evaluation of Richmond Raceway. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; providing performance assessments, coaching employees and resolving concerns as needed.
• Other duties as assigned

Required skills / experience:

• Degree in Accounting from an accredited university with at least five years related experience.
• Must demonstrate a clear understanding and application of generally accepted accounting principles (GAAP).

Preferred skills / experience

• Certified Public Accountant (C.P.A.) and/or Certified Management Accountant
• Supervisory experience and experience with publicly traded companies